Credit Suisse Group AG (NYSE:CS) dominated headlines Monday morning amid rising concerns about the Swiss bank's financial health and new developments continued to unfold pointing to problems with the lender's business.
What Happened: According to a Bloomberg report, Credit Suisse is now looking for outside investors to raise capital for a spinoff of its advisory, dealmaking and leveraged finance units. The Swiss bank is interested in bringing in an outside investor to provide capital and help fund the costs of hiring and keeping talent, according to people familiar with the matter.
